Target Corporation $TGT Stock Bought by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its position in Target Corporation (NYSE:TGT) by 6.0% during the 3rd quarter, Holdings Channel reports. The firm owned 244,069 shares of the retailer’s stock after purchasing an additional 13,757 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Target were worth $38,243,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TGT. Nicholas Investment Partners LP boosted its position in Target by 204.3% in the second quarter. Nicholas Investment Partners LP now owns 55,154 shares of the retailer’s stock valued at $7,204,000 after buying an additional 37,030 shares in the last quarter. Saudi Central Bank grew its stake in Target by 89.7% during the second quarter. Saudi Central Bank now owns 31,700 shares of the retailer’s stock worth $4,140,000 after buying an additional 14,986 shares during the last quarter. Engineers Gate Manager LP increased its holdings in shares of Target by 4,119.2% during the second quarter. Engineers Gate Manager LP now owns 372,558 shares of the retailer’s stock worth $48,660,000 after buying an additional 363,728 shares in the last quarter. Two Sigma Securities LLC acquired a new stake in shares of Target during the second quarter worth approximately $833,000. Finally, Neumann Capital Management LLC acquired a new stake in shares of Target during the third quarter worth approximately $2,457,000. Institutional investors own 79.73% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on TGT shares. UBS Group lifted their target price on shares of Target from $166.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. Truist Financial raised their price target on Target from $147.00 to $167.00 and gave the company a “hold” rating in a report on Thursday, August 20th. Mizuho set a $150.00 price objective on Target and gave the company a “neutral” rating in a research report on Thursday, August 20th. Wall Street Zen raised Target from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 5th. Finally, JPMorgan Chase & Co. increased their target price on Target from $157.00 to $163.00 and gave the stock a “neutral” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $161.70.

Insider Buying and Selling at Target

In other Target news, insider Melissa Kremer sold 15,500 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $169.96, for a total transaction of $2,634,380.00. Following the transaction, the insider owned 56,981 shares of the company’s stock, valued at approximately $9,684,490.76. This represents a 21.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Matthew Liegel sold 926 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $163.51, for a total value of $151,410.26. Following the completion of the transaction, the chief accounting officer owned 12,266 shares in the company, valued at $2,005,613.66. The trade was a 7.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.13% of the stock is currently owned by corporate insiders.

Target Trading Down 2.5%

Shares of NYSE TGT opened at $161.82 on Wednesday. Target Corporation has a 1-year low of $83.44 and a 1-year high of $170.75. The company has a market cap of $73.51 billion, a PE ratio of 16.80, a P/E/G ratio of 3.07 and a beta of 0.94. The company has a current ratio of 0.99, a quick ratio of 0.36 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average of $156.48 and a two-hundred day moving average of $135.60.

Target (NYSE:TGT) last announced its earnings results on Wednesday, August 19th. The retailer reported $4.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.35 by $1.76. Target had a net margin of 4.08% and a return on equity of 23.23%. The company had revenue of $26.54 billion for the quarter, compared to analyst estimates of $26.13 billion. During the same period in the prior year, the business earned $2.05 earnings per share. Target’s quarterly revenue was up 5.3% on a year-over-year basis. Target has set its FY 2026 guidance at 9.900-10.900 EPS. As a group, equities analysts expect that Target Corporation will post 8.91 earnings per share for the current fiscal year.

Target Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Wednesday, November 11th will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 2.9%. The ex-dividend date is Tuesday, November 10th. Target’s payout ratio is 48.18%.

Target Profile

Target Corporation is a U.S. general merchandise retailer that sells products through its stores and digital channels. Its assortment includes apparel and accessories, beauty products, home goods, groceries, electronics, toys, and household essentials, along with merchandise from national brands and Target-owned brands. The company also offers services such as in-store and curbside order pickup and same-day delivery in eligible areas. Target serves customers across the United States. The company traces its history to the Dayton Dry Goods Company, founded in Minneapolis in 1902.